Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill

  • enacted
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Hon Amy Adams

Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill

Government Bill

219—3B

Contents

Bill note
1Title
2Commencement
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18Principal Act
18ASection 4 amended (Overview)
19Section 5 amended (Interpretation)
20Section 40 amended (Reporting entities to report suspicious transactions)
21Section 42 amended (Privileged communication defined)
22Section 43 amended (Auditors may report suspicious transactions)
23New subpart 2A of Part 2 inserted
Subpart 2A—Prescribed transaction reports
48AReporting entities to report certain prescribed transactions
48BPrescribed transaction reports
48CSections 43 to 48 apply to prescribed transactions
23ASection 57 amended (Minimum requirements for AML/CFT programmes)
23BSection 78 amended (Meaning of civil liability act)
23CSection 90 amended (Pecuniary penalties for civil liability act)
24Cross-heading above section 92 replaced
25Section 92 amended (Failing to report suspicious transaction)
26Section 93 amended (Providing false or misleading information in connection with suspicious transaction report)
27Section 94 amended (Unlawful disclosure of suspicious transaction report)
28Section 95 amended (Failure to keep or retain adequate records relating to suspicious transaction)
29Section 96 amended (Obstruction of investigation relating to suspicious transaction report)
30Section 97 amended (Contravention of section 47(1))
31Section 99 amended (Time limit for prosecution of offences relating to civil liability act and suspicious transaction reports)
32Section 101 amended (Structuring transaction to avoid application of AML/CFT requirements)
33Section 142 amended (Financial intelligence functions of Commissioner)
34Section 143 amended (Powers relating to financial intelligence functions of Commissioner)
35Section 145 amended (Guidelines relating to reporting of suspicious transactions)
35ASection 154 amended (Regulations relating to application of Act)
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Legislative history

The Parliament of New Zealand enacts as follows: